SmileDirectClub shares plunge to new lows on final day of Nasdaq listing

SmileDirectClub

03/10/2023 14:56

(Updates)
     ** Shares of dental products maker SmileDirectClub  SDC.O 
fall 34% to $0.11, after dropping to a record low of $0.10
    ** Co says it received a notice from the Nasdaq saying SDC
will be delisted with a trading suspension from Oct. 4
    ** After the delisting, shares of the $64.9 mln firm will
trade in over-the-counter market systems
    ** Stock plummeted 61% on Monday following co's move to file
for bankruptcy
    ** Stock has lost 86% of its value from a 52-week high on
Aug. 1 and has more than halved in value this year

 (Reporting by Medha Singh)
 ((medha.singh@thomsonreuters.com))